OCA Acquisition (OTCMKTS:OCAX) Shares Up 0.9% – Here’s Why

OCA Acquisition Corp. (OTCMKTS:OCAX)’s share price shot up 0.9% during trading on Thursday . The stock traded as high as $11.60 and last traded at $11.60. 100 shares were traded during mid-day trading, a decline of 99% from the average session volume of 12,017 shares. The stock had previously closed at $11.50.

OCA Acquisition Trading Up 0.9%

The business has a fifty day moving average price of $11.60 and a two-hundred day moving average price of $11.60.

About OCA Acquisition

OCA Acquisition Corp. is a special purpose acquisition company (SPAC) organized under the laws of the State of Delaware. As a blank-check company, its primary objective is to raise capital through an initial public offering and to effect one or more business combinations, acquisitions or other similar transactions. OCA Acquisition focuses on identifying target businesses that present attractive growth prospects, seeking to leverage its management’s experience in corporate finance and strategic development.

The company completed its initial public offering in late 2020, generating gross proceeds that have been held in a trust account pending the consummation of a qualifying transaction.